Rolls-Royce Names East CEO as Rishton Goes Amid Investor Ire

April 22, 2015 8:50 AM

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Rolls-Royce Holdings Plc named board member and tech-industry innovator Warren East as chief executive officer to replace John Rishton, who had come under pressure amid earnings misses and investor discontent over the aero-engine maker’s strategy of pushing into new markets.

East, the 53-year-old former CEO of ARM Holdings Plc, was hired after a search during which Rolls looked at a several U.K. and international candidates, it said today, sending its share-price surging. Rishton, 57, said he’s going of his own accord after four years in the top job at the U.K. manufact...